The total cost of private jets acquired by Nigerians has been put at $3.75bn (N581bn), just as stakeholders say the number of such planes in the country has now reached 150.
On the average, each jet costs $25m, and are registered either locally and or in countries such as South Africa or the United States for various reasons.
The rising numbers of private jet acquisitions by businessmen, religious leaders and politicians has placed Nigeria as the leading market in Africa according to the Managing Director, GTBank Plc, Mr. Segun Agbaje.
Speaking at the Nigerian Business Aviation Conference 2013 in Lagos yesterday, Agbaje noted that the most popular jets common among Nigerians billionaires are Gulfstream, Bombardier, Global Express, Hawker Legacy and Dassault Falcon.
